I really don't get where you are coming from with your posts monark, just quite odd posts throughout December and even now, always planting doubt.
"Instos out retail mugs in" on 18/12 at 23.5c
"
I pulled my buy order at 20.5 , considering doing the same with 20c order. looks to be going lower short term" - on 23/12 at 20.5c
And so on.
Anyway, sincerely, good luck with whatever your strategy is whether you hold or are trying to get in. You've found a good investment opportunity here.But I agree with
@redliningit and
@Tcb007 if the offtakes arrive and JV arrives its not unreasonable to suggest we are in for a nice re-rate from here.
And then if we do use GEM it will be very near to the share price at the time or a very small discount to the current share price at the time.
Let's say we got to 50c which is easily achievable after the JV is announced. There's no way we release equity via GEM at 20c or raise any further capital at 20c either for that matter.
The Foster's valuation is extremely conservative for a variety of reasons. What
@Tcb007 is one of many reasons.
I commented to FYI it was good to see Foster's finally initiating research on FYI and the response was yes it is but I get the feeling there will be new research soon enough.
